What types of loans are out thier for first time home owenrs with good credit?
What types of loans are out thier for first time home owenrs with good credit? The place that I want to buy is about 5 can I still get a zero down loan? If not what is the next best thing?
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Here are many first time home buyers programs available. You may start by calling the city Housing Office in your city or the county housing office<!–in the county in which you reside.If these offices don't have the programs you are seeking they will be able to tell you what agency in their jurisdiction has them.
http://best-loans.awardspace.com/homebuyerprogram.htm
Once you have located the first time home buyers program and who operate it, that agency normally have a list of lenders, banks–>mortgage brokers or institutions that are authorize to administer the program. These agencies are normally listed on a pamphlet.
Conventional loans have basically disappeared at 100% the highest now is about 97%. FHA can also do 97% and USDA (if in what's considered a rural area) up to 100% and VA 100%. I still wouldn't suggest a 100% financed loan in this volatile market though where prices could still continue to decline. I'd suggest saving up enough to cover at least 5% before looking into buying a home.
JJ I would be very careful asking for help with your financials on this venue. What you are most likely to get are solictations, like you've already gotten.
Do business with local lenders. Should something go wrong at least you can visit them to make sure they correct it.
As for the actual question, FHA and USDA have good programs, the VA as well especially if you were wounded.
Best of luck!